QCP Capital has observed that the $60,000 level which typically supported Bitcoin’s price in the second quarter is now facing fresh challenges, thanks to a number of contributing factors. One major reason for this is the flow of Bitcoin from Mt. Gox repayments. For those who may not know, the now-defunct Mt. Gox exchange is set to begin repaying creditors in BTC and Bitcoin Cash (BCH) starting on July 2. This repayment process is expected to increase the supply of Bitcoin on exchanges, which could in turn lead to heightened levels of volatility in the market. Stay updated on the latest financial and business news by visiting COINTURK FINANCE.
